Germany
Customer development
thousands |
|
|
|
|
|
|
|
||
|
June 30, 2026 |
Mar. 31, 2026 |
Change |
Dec. 31, 2025 |
Change |
June 30, 2025 |
Change |
||
|---|---|---|---|---|---|---|---|---|---|
Mobile customers |
76,733 |
75,320 |
1.9 |
74,490 |
3.0 |
71,126 |
7.9 |
||
Contract customers |
28,148 |
27,924 |
0.8 |
27,740 |
1.5 |
27,039 |
4.1 |
||
Prepaid customers (incl. M2M) |
48,585 |
47,396 |
2.5 |
46,750 |
3.9 |
44,086 |
10.2 |
||
Fixed-network lines |
16,615 |
16,712 |
(0.6) |
16,796 |
(1.1) |
16,981 |
(2.2) |
||
Retail broadband lines |
15,079 |
15,100 |
(0.1) |
15,103 |
(0.2) |
15,126 |
(0.3) |
||
Of which: optical fibera |
13,431 |
13,412 |
0.1 |
13,370 |
0.5 |
13,298 |
1.0 |
||
Television (IPTV, satellite) |
4,800 |
4,775 |
0.5 |
4,747 |
1.1 |
4,698 |
2.2 |
||
Wholesale lines |
9,896 |
9,985 |
(0.9) |
10,077 |
(1.8) |
10,275 |
(3.7) |
||
Wholesale broadband lines |
8,426 |
8,479 |
(0.6) |
8,536 |
(1.3) |
8,570 |
(1.7) |
||
Of which: optical fibera |
7,574 |
7,596 |
(0.3) |
7,617 |
(0.6) |
7,617 |
(0.6) |
||
Unbundled local loop lines (ULLs) |
1,470 |
1,506 |
(2.4) |
1,541 |
(4.6) |
1,705 |
(13.8) |
||
|
|||||||||
Total
In Germany, we maintained our market leadership in terms of both fixed-network and mobile revenues. This success is attributable to our high-performance networks, a broad product portfolio, and excellent service quality. Our goal is to deliver our customers a seamless and technology-neutral telecommunications experience. In pursuit of this, we continually adapt our product portfolio to address the needs of our customers.
Mobile communications
Our Germany operating segment had a total of 76.7 million mobile customers as of June 30, 2026. The number of high-value mobile contract customers under the Telekom and congstar brands grew by 419 thousand customers overall against year-end 2025. Sustained demand for rate plans with data allowances continues to drive this trend. The prepaid customer base grew by 3.9 %, driven mainly by the M2M SIM cards used in the automotive industry.
Fixed network
The total number of fiber-optic-based lines was 21.0 million as of June 30, 2026, reflecting sustained demand for higher bandwidths. The number of retail broadband lines remained more or less stable against the end of 2025 at a total of 15.1 million customers. Around 58 % of the customers have subscribed to a rate plan with speeds of 100 Mbit/s or higher. The rise in demand for our TV content drove growth in our TV customer base of 53 thousand against year-end 2025, an increase of 1.1 %. The number of fixed-network lines decreased by 1.1 % to 16.6 million lines on account of the decline in the voice product.
Wholesale
The number of wholesale lines declined as of June 30, 2026. This trend results partly from consumers switching to other providers and partly from our wholesale partners migrating their retail customers to their own infrastructures. Fiber-optic-based wholesale broadband lines accounted for 76.5 % of all lines – an increase of 0.9 percentage points against the end of 2025.
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
||
|
|
H1 2026 |
H1 2025 |
Change |
Q1 2026 |
Q2 2026 |
Q2 2025 |
Change |
FY 2025 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue |
|
12,846 |
12,505 |
2.7 |
6,340 |
6,507 |
6,286 |
3.5 |
25,610 |
||
Consumers |
|
6,658 |
6,363 |
4.6 |
3,289 |
3,369 |
3,165 |
6.4 |
12,953 |
||
Business Customers |
|
4,273 |
4,279 |
(0.1) |
2,104 |
2,169 |
2,151 |
0.8 |
8,739 |
||
Wholesale |
|
1,595 |
1,624 |
(1.7) |
806 |
790 |
827 |
(4.5) |
3,249 |
||
Other |
|
320 |
239 |
34.1 |
141 |
179 |
142 |
25.9 |
668 |
||
Service revenuea |
|
11,256 |
11,123 |
1.2 |
5,582 |
5,674 |
5,594 |
1.4 |
22,457 |
||
EBITDA |
|
5,488 |
5,388 |
1.9 |
2,752 |
2,736 |
2,680 |
2.1 |
10,887 |
||
Special factors affecting EBITDA |
|
(241) |
(159) |
(51.3) |
(126) |
(115) |
(78) |
(47.3) |
(466) |
||
EBITDA (adjusted for special factors) |
|
5,729 |
5,548 |
3.3 |
2,878 |
2,851 |
2,758 |
3.4 |
11,353 |
||
EBITDA AL |
|
5,130 |
5,079 |
1.0 |
2,573 |
2,557 |
2,526 |
1.2 |
10,228 |
||
Special factors affecting EBITDA AL |
|
(241) |
(159) |
(51.3) |
(126) |
(115) |
(78) |
(47.3) |
(466) |
||
EBITDA AL (adjusted for special factors) |
|
5,371 |
5,239 |
2.5 |
2,699 |
2,672 |
2,605 |
2.6 |
10,694 |
||
EBITDA AL margin (adjusted for special factors) |
% |
41.8 |
41.9 |
|
42.6 |
41.1 |
41.4 |
|
41.8 |
||
Depreciation, amortization and impairment losses |
|
(2,231) |
(2,207) |
(1.1) |
(1,116) |
(1,116) |
(1,101) |
(1.3) |
(4,486) |
||
Profit (loss) from operations (EBIT) |
|
3,257 |
3,182 |
2.4 |
1,636 |
1,621 |
1,579 |
2.6 |
6,401 |
||
EBIT margin |
% |
25.4 |
25.4 |
|
25.8 |
24.9 |
25.1 |
|
25.0 |
||
Cash capex |
|
(1,772) |
(2,262) |
21.7 |
(832) |
(940) |
(1,013) |
7.2 |
(4,870) |
||
Cash capex (before spectrum investment) |
|
(1,772) |
(2,262) |
21.7 |
(832) |
(940) |
(1,013) |
7.2 |
(4,870) |
||
|
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Revenue, service revenue
Total revenue in our Germany operating segment was EUR 12.8 billion in the reporting period, an increase of 2.7 % on the prior-year period. Service revenues grew by 1.2 % year-on-year, due to growth in the mobile and fixed-network businesses, largely driven by broadband and TV business. Non-service revenues likewise trended positively, driven by higher mobile terminal equipment revenues and the partnership business, as well as the broadcast of the soccer World Cup.
Revenue from Consumers increased by 4.6 % compared with the prior-year period. Mobile service revenues trended in line with the positive customer development in the reporting period. The fixed-network business likewise continued to perform well, mainly on the back of sustained broadband revenue growth driven by a number of positive factors, including rising demand for powerful, reliable networks and higher bandwidths, as well as customer appreciation for our TV offerings.
At EUR 4.3 billion, revenue from Business Customers remained at the level of the prior-year period. Mobile revenues remained below the prior-year level, although this was offset by deviating seasonal effects year-on-year in the project-driven IT systems solutions business.
Wholesale revenue decreased by 1.7 % in the reporting period to EUR 1.6 billion, mainly due to the expiration of contractually agreed price increases under the commitment model.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL increased by EUR 132 million or 2.5 % year-on-year. The main reasons for this increase were high-value service revenue growth and enhanced cost efficiency, primarily as a result of the lower headcount and the strict implementation of efficiency enhancement and digitalization measures. Additionally, various one-time effects had an impact on earnings. Our adjusted EBITDA AL margin amounted to 41.8 %.
At EUR 5.1 billion, EBITDA AL increased by 1.0 % against the prior-year level, mainly due to the effects described under adjusted EBITDA AL. Higher year-on-year expenses arising from special factors also had an impact, increasing by EUR 82 million to EUR 241 million, mainly as a result of socially responsible staff-related measures.
Profit/loss from operations (EBIT)
Profit from operations amounted to EUR 3.3 billion in the first half of the year, an increase of 2.4 % against the prior-year period, which was mainly driven by the positive development of EBITDA. This was offset by an increase of 1.1 % in depreciation, amortization and impairment losses, mainly resulting from the continued fiber build-out.
Cash capex (before spectrum investment), cash capex
Cash capex (before spectrum investment) decreased by EUR 490 million or 21.7 % compared with the prior-year period, primarily due to the timing of investments in the fiber build-out. We still expect cash capex to rise slightly overall for full-year 2026. The number of homes passed by our fiber-optic network increased to 13.6 million as of June 30, 2026.